StockNews.com Initiates Coverage on American Shared Hospital Services (NYSEAMERICAN:AMS)

Equities researchers at StockNews.com initiated coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

American Shared Hospital Services Price Performance

NYSEAMERICAN:AMS opened at $3.13 on Tuesday. The company has a market cap of $20.09 million, a P/E ratio of 5.22 and a beta of 0.66. American Shared Hospital Services has a 1-year low of $2.51 and a 1-year high of $4.60. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Institutional Trading of American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Dimensional Fund Advisors LP grew its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,637 shares of the company’s stock after purchasing an additional 8,436 shares during the period. Dimensional Fund Advisors LP owned about 2.84% of American Shared Hospital Services worth $574,000 as of its most recent filing with the Securities and Exchange Commission. 23.16% of the stock is currently owned by institutional investors and hedge funds.

About American Shared Hospital Services

American Shared Hospital Services provides stereotactic radiosurgery and advanced radiation therapy equipment. It operates in two segments, Medical Equipment Leasing, and Retail. The company offers radiosurgery equipment for the Gamma Knife stereotactic radiosurgery, a non-invasive procedure to treat malignant and benign brain tumors, and arteriovenous malformations, as well as for trigeminal neuralgia.